By throwing in an option it protects the CR from Failing to a degree. If the SP was down to 65c but they threw in an option that exercised at say $1.20 in 2 years would you participate? You wouldn't need as much uptake in the short term but rely on some success in the next 2 years to bring in even more money
Ann: Company Update & Capital Raising, page-119
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Last
48.0¢ |
Change
-0.025(4.95%) |
Mkt cap ! $65.93M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 48.0¢ | $226.1K | 461.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6985 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 20000 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SMN (ASX) Chart |